All of the Following Are Correct About the Slave Trade

question 100

Multiple Choice

All of the following are correct about the slave trade except it

• A)was in decline by the early 1800s.
• B)was ended in Denmark in 1803.
• C)led Britain to establish settlements in Sierra Leone and the Gold Coast on which to settle freed slaves.
• D)essentially ended when the slave trade in the United States,Cuba,and Brazil was abolished.
• E)it revived in East Asia because of the opium trade.

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Definitions:

Indirect Method

A way of preparing a cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Operating Activities

Transactions and events related to the primary operations of a business, such as revenue from sales and expenses from operations.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Direct Method

A method of computing the net cash provided by operating activities in which the income statement is reconstructed on a cash basis from top to bottom.